Glencore plc (LON:GLEN) Receives Average Rating of “Buy” from Brokerages

Glencore plc (LON:GLEN) has been assigned an average rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 507 ($6.40).

Several analysts have recently issued reports on GLEN shares. Citigroup restated a “top pick” rating on shares of Glencore in a research report on Thursday, December 12th. Morgan Stanley upgraded shares of Glencore to an “overweight” rating and set a GBX 470 ($5.93) price target on the stock in a report on Tuesday.

Glencore Price Performance

GLEN stock traded down GBX 23.41 ($0.30) during mid-day trading on Wednesday, hitting GBX 330.14 ($4.16). The company had a trading volume of 119,481,180 shares, compared to its average volume of 40,546,770. The company has a market capitalization of £50.36 billion, a price-to-earnings ratio of -92.46, a P/E/G ratio of 0.43 and a beta of 1.21. Glencore has a 12-month low of GBX 325 ($4.10) and a 12-month high of GBX 506.72 ($6.39). The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14. The company has a 50-day moving average price of GBX 360.47 and a 200 day moving average price of GBX 387.34.

About Glencore

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.